TATA bought Jaguar and Land Rover from Ford Motor Company (NYSE:F) last year. TATA may be considering options including a private placement, shares with differentiated voting rights or foreign currency convertible bonds. Citigroup Inc. is yet to comment on their role and the amount of income they will generate from this. As per the report from Bloomberg, TATA has not determined how it will raise the funds yet.

Umesh Karne, analyst at BRICS Securities, Mumbai told Bloomberg “This is one of the best times for Tata Motors to raise the funds, Jaguar Land Rover and Tata’s local sales are doing very well.”

Citigroup Inc. (NYSE:C) has a good reputation in arranging securities sales in India and has a top rank for the same.Citigroup Inc. (NYSE:C) Shares closed at $3.80 on Thursday Which is near support level of $3.86. Resistance levels - $3.98 and $4.1Support Levels - $3.74 and $3.46.